COIN BUREAU NEWSFLASH! – (01/09/22) Here are some of today’s m | Coin Bureau Insider
COIN BUREAU NEWSFLASH! – (01/09/22)
Here are some of today’s most important headlines:
OpenSea Commits To 'Solely Supporting' NFTs On Proof-Of-Stake Ethereum Blockchain
OpenSea, the largest NFT marketplace on Ethereum, has announced its plans for NFT support post the Ethereum Merge event. The announcement which was made in a series of tweets stated that it intends to exclusively support the NFTs on the proof-of-stake version of the Ethereum blockchain post-merge.
The statement read,
"While we won't speculate on potential forks — to the extent forked NFTs on ETHPoW exist — they won't be supported or reflected on OpenSea."
https://www.theblock.co/post/166940/opensea-commits-to-solely-supporting-nfts-on-proof-of-stake-ethereum-blockchain
Ticketmaster Partners with Dapper Labs' Flow Blockchain for NFT Tickets
The US ticket sales behemoth Ticketmaster has partnered with Dapper Labs' Flow blockchain to enable event organisers to issue tickets or other memorabilia as NFTs before, during and after live events.
As a result of the partnership, Ticketmaster now has a wallet and marketplace feature on its website. Ticketmaster and Dapper Labs had previously run a pilot program that saw over five million Flow NFTs being minted within a period of six months.
https://decrypt.co/108627/ticketmaster-chooses-dapper-labs-flow-blockchain-for-nft-tickets
A16z Launches New NFT Licensing Standards to Fix Legal ‘Ambiguity’
Venture Capital Firm Andreessen Horowitz has introduced new free licensing standards for NFTs that projects can adopt. The licensing standards, named “Can’t Be Evil” licenses, have been designed specifically for NFTs and are based on the existing creative commons copyright licensing standards.
According to the firm’s General Counsel Miles Jennings and Founder Chris Dixon, the licensing standards are designed to remove legal ‘ambiguity’ surrounding NFTs and IP rights. They do so by helping creators to either protect or release their intellectual property (IP), create an irrevocable baseline of IP rights for NFT holders and outline exactly what IP rights they have.
https://www.coindesk.com/business/2022/08/31/a16z-wants-to-standardize-nfts-by-giving-you-a-license-for-your-token/
MicroStrategy Founder Michael Saylor Sued by District of Columbia for Evading Taxes
Michael Saylor, the founder and executive chairman of MicroStrategy, is being sued by Washington D.C for allegedly evading taxes since 2005.
The suit which was filed in the D.C. Superior Court’s civil division, states that Saylor intentionally avoided paying over $25 million in income taxes by fraudulently claiming to be a resident of other jurisdictions with lower-tax regimes, including Virginia and Florida.
Saylor has responded to the allegations stating,
“I respectfully disagree with the position of the District of Columbia and look forward to a fair resolution in the courts. Although MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life.”
https://www.bloomberg.com/news/articles/2022-08-31/microstrategy-s-saylor-sued-by-dc-for-income-tax-avoidance
Helium Developers Propose Shifting Network to Solana Blockchain
A new governance proposal by the developers behind the Internet of Things (IoT) blockchain network ‘Helium’, proposes to transition the entire Helium network to the Solana blockchain. The proposal states that the transition to Solana will “improve operational efficiency and scalability” of the network, thereby bringing “significant economies of scale” to the network.
The proposal highlights the current problems, stating,
